RBI Grade B Officer News 2024: The anticipation is that the Reserve Bank of India will officially announce the notification for RBI Grade B Officer recruitment in either May or June 2024. In Mumbai, the Reserve Bank of India Services Board (RBI) is poised to call for online applications to fill more than 250 vacancies for the Financial year 2024-25. It’s expected that the RBI Officer Grade B Online Application Registration will kick off via the RBI official website rbi.org.in from June 2024. The registration window for RBI Grade B Officers is projected to close in July 2024.
RBI Grade B Officer Recruitment 2024 Notification
| Job Name | Grade B Officer |
| Expected Vacancies | 250+ |
| Selection Process | Online Examination, Interview |
| Registration Month | May – June 2024 |
| Official Website | opportunities.rbi.org.in |
RBI Grade B Officer Vacancy 2024:
2024 RBI Grade B Posts:
| Post Name | No of Vacancies |
| Officers in Grade ‘B’ (DR) – General | To be Announced |
| Officers in Grade ‘B’ (DR) – DEPR | To be Announced |
| Officers in Grade ‘B’ (DR) – DSIM@ | To be Announced |
2023 RBI Grade B Posts:
| Post Name | No of Vacancies |
| Officers in Grade ‘B’ (DR) – General | 222 |
| Officers in Grade ‘B’ (DR) – DEPR | 38 |
| Officers in Grade ‘B’ (DR) – DSIM@ | 31 |
✅ RBI Grade B Officer Age Limit:
✔️ Minimum age: 21 years
✔️ Maximum age: 30 years
✔️ Age Relaxation: 5 years for SC/ST, 3 years for OBC, and a maximum of 5 years for Ex-Servicemen & Ex-employees.
✅ RBI Grade B Officer Salary:
✔️ Successful candidates will be entitled to a starting basic pay of ₹55,200 per month, within the scale of ₹55,200-2850(9)-80850-EB-2850(2)-86550-3300(4)-99750 (16 years), applicable to Officers in Grade B.
✅ Eligibility Criteria for RBI Grade B Officer:
✔️ For Officers (General): Candidates should have obtained a minimum of 60% marks (50% for SC/ST/PwBD) or an equivalent grade in their Bachelor’s degree, 12th (or Diploma or equivalent), and 10th Standard examinations. The minimum qualifying percentage or equivalent grade for the Bachelor’s degree must be in aggregate for all semesters/years.
✔️ For Officers (DEPR): Candidates should possess one of the following qualifications:
- A Master’s Degree in Economics/Econometrics/Quantitative Economics/Mathematical Economics/Integrated Economics Course/Finance, with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years from a recognized Indian or Foreign University/Institute;
- PGDM/MBA Finance with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years from a recognized Indian or Foreign University/Institute;
- Master’s Degree in Economics in any sub-category (such as agricultural/business/developmental/applied, etc.), with a minimum of 55% marks or an equivalent grade in aggregate of all semesters/years from a recognized Indian or Foreign University/Institute.
✔️ For Officers (DSIM): Candidates should hold one of the following qualifications:
- A Master’s Degree in Statistics/Mathematical Statistics/Mathematical Economics/Econometrics/Statistics & Informatics from IIT-Kharagpur/Applied Statistics & Informatics from IIT-Bombay, with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years;
- Master’s Degree in Mathematics with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years and one-year postgraduate diploma in Statistics or related subjects from an Institute of repute;
- M. Stat. Degree from Indian Statistical Institute with a minimum of 55% marks in aggregate of all semesters/years;
- Post Graduate Diploma in Business Analytics (PGDBA) jointly offered by ISI Kolkata, IIT Kharagpur, and IIM Calcutta with a minimum of 55% marks or equivalent grade in aggregate of all semesters/years.
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✅ Selection Process for RBI Grade B Officer:
The selection procedure for RBI Grade B Officers will include Online/Written Examinations in Phase – I and Phase – II, succeeded by an Interview.
| Online Examination (Phase I and Phase II) |
| Personal Interview |
RBI Grade B Officer Phase I Online Exam Overview:
In Phase I, candidates will face a single Paper (Objective Type) worth 200 marks, with a total time limit of 120 minutes. Candidates are required to achieve minimum marks individually for each test and in aggregate, as directed by the Board. The Phase I Paper will encompass tests on:
✔️ General Awareness
✔️ English Language
✔️ Quantitative Aptitude
✔️ Reasoning
RBI Grade B Officer Phase II Online Exam Details:
The RBI Grade B Phase–II online examination will comprise three papers as follows:
✔️ Paper-I: Economic and Social Issues (50% Objective Type, 50% Descriptive Type) (100 Marks)
✔️ Paper-II: English (Writing Skills) (100 Marks)
✔️ Paper III: General Finance and Management (50% Objective Type, 50% Descriptive Type) (100 Marks)
✅ RBI Grade B Officer Application Fee:
| General, OBC and EWS | ₹ 850/- |
| SC, ST and PwBD | ₹ 100/- (Intimation charges only) |
| Payment Method | Online Mode |
✅ How to Apply for RBI Grade B Officer Recruitment 2024:
➢ Upon the release of the RBI Grade B Official Notification, eligible candidates should initiate the online application process through the RBI Online Registration portal, starting from the commencement date of Registration.
➢ Applicants need to provide basic details and upload relevant documents (Photograph, Signature, Left Thumb Impression, and a handwritten declaration).
➢ The closing date for online application registration will be announced later.
➢ All details regarding the selection process for the posts are outlined in the respective recruitment notification.
➢ Upon selection, candidates will receive an Offer of Appointment from the RBI Bank.
➢ After accepting the terms in the Offer of Appointment, candidates must fulfill specific formalities, including a medical examination, Police Verification Report, Referee Report, and Employer’s Report.
➢ Once these formalities are completed, candidates will receive the Appointment Letter and must report to the Bank accordingly.
✅ Important Dates for RBI Grade B Officer Recruitment 2023:
➢ Opening date for submission of Online Registration: May – June 2024
➢ Last date for registration of Online Application: June 2024
➢ Last date for editing application: June 2024
➢ Last date for printing your application: June 2024
➢ Last date for paying application fee: June 2024
➢ Phase I Online Examination of Grade B (DR) – General: July 2024
➢ Phase II Online Examination of Grade B (DR) – General: July 2024
➢ Phase I Online Examination of Grade B DR – DEPR / DSIM: July 2024
➢ Phase II Online Examination of Grade B DR – DEPR: September 2024
➢ Phase II Online Examination of Grade B DR – DSIM: August 2024.
FAQs:
✅ How to Apply for RBI Grade B Officer 2024?
To apply, eligible candidates need to complete the online application process via the RBI IBPS Online Portal. Specific dates for the opening and closing of online application submissions will be announced later.
✅ What are the qualifications for RBI Grade B Officer?
✔️ For RBI Officers in Grade ‘B’ (DR) – (General), candidates must possess a Bachelor’s Degree in any discipline or an equivalent technical/professional qualification with at least 60% marks (50% for SC/ST/PwBD applicants), or a Post-Graduation in any discipline or an equivalent technical/professional qualification with a minimum of 55% marks (pass marks for SC/ST/PwBD applicants) in aggregate of all semesters/years.
✔️ For RBI Officers in Grade ‘B’ (DR) – DEPR, candidates must have one of the following qualifications:
- A Master’s Degree in Economics, or any other master’s degree where “Economics” is the primary component of the curriculum, such as MA/MSc in Quantitative Economics, Mathematical Economics, Financial Economics, Business Economics, Agricultural Economics, Industrial Economics; OR
- A Master’s Degree in Finance, or any other master’s degree where “Finance” is the primary component of the curriculum, such as MA/MSc in Quantitative Finance, Mathematical Finance, Quantitative Techniques, International Finance, Business Finance, Banking and Trade Finance, International and Trade Finance, Project and Infrastructure Finance, Agri Business Finance; OR
- PGDM/MBA with a specialization in Economics/Finance.